Unibanco, Uniao de Bancos Brasileiros SA
Ticker:UBB Av. Eusebio Matoso 891, 18 andar
Exchange:New York Stock Exchange San Paulo, BRAZL 05423-901
Industry:Financial (SIC Code 6081)

Offering Information
Type of Shares:American Depositary Receipts Filing Date:5/2/97
U.S. Shares:20,620,124 Offer Date:5/21/97
Non-U.S. Shares:7,930,817 Filing Price: -
Primary Shares:28,550,941 Offer Price:$33.75
Secondary Shares:0 Gross Spread:$0.51
Offering Amount: $0 Selling:$0.30
Expenses: - Reallowance:$0.10
Shares Out After: -

Primary Underwriting Group
ManagerTierPhone
Morgan Stanley & Co. IncorporatedLead Manager (212) 761-5900
J.P. Morgan Securities Inc.Co-manager (212) 648-0517
Lehman Brothers IncorporatedCo-manager (212) 526-8100
SBC Warburg & CompanyCo-manager (212) 224-7274

Business Description
The company is a major Brazilian bank serving individuals and small, mid-sized and large companies. Unibanco offers asset management, foreign exchange and pre-dated check management services and acts as an underwriter for primary and secondary offerings.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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